Sea Billionaire’s Wife to Buy Singapore Mansion for $31 Million

The wife of tech billionaire Forrest Li is set to acquire a mansion in one of Singapore’s most coveted residential areas, even as the luxury property market remains in a lull.

Ma Liqian filed an option in April to buy a so-called good class bungalow on Gallop Road for S$42.5 million ($31 million), according to documents seen by Bloomberg News. The house sits on a 1,552 square-meter (16,706 square-foot) plot of land.

Li owns a 1,403 square-meter land parcel next to the mansion, near the Singapore Botanic Gardens, a World Heritage Site. That was acquired in 2019, property records ...